Columbia City, IN Cost of Living

Columbia City cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

A general summary of the cost of living index in Columbia City, IN is shown above. Compared to the state average of Indiana the cost of living index in Columbia City, IN is 86, which is 3% lower than the average in Indiana and compared to the national average it is 14% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Columbia City, IN goods and services come in at 5% higher than the average in Indiana and are 3% higher than compared to the nationwide average.

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How would you rate the cost of living in Columbia City?Excellent. Goods, services and housing are all very affordable.Good. Most goods and services are affordable.Poor. Everything is more expensive than I'd like.Awful. You'll have to take out a loan to live here.View resultsWrite a review to give others more information about this area.Is the cost of living increasing or decreasing in Columbia City?Decreasing rapidly. Costs are dropping at a rapid rate.Decreasing steadily. Costs of goods and services are declining.Increasing steadily. Price are inreasing, but at a reasonable rate.Increasing rapidly. I can barely keep up with the increasing prices.View resultsWrite a review to give others more information about this area.

Did you know?

The cost of living in Columbia City is 3% lower than the Indiana average.

The cost of living in Columbia City is 14% lower than the national average.

The cost of housing in Columbia City is 42% lower than the national average.

Compare Columbia City, IN Cost of living To Other Cities

Salary Calculator

I currently make 50,000This is how much you would need to earn in Price difference in compared to

Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

Use the salary calculator to compare your current income in Columbia City, IN to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Columbia City, IN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Columbia City, IN salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$50,919

$4,243

$1,188

$1,528

Renters

$26,853

$2,238

$627

$806

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Columbia City, IN, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Columbia City, IN homeowners have a median income of $50,919. Using that number, you will come up with a maximum of $1,188 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $26,853, which means there is a maximum of $627 to be spent on the costs of renting a home or apartment.

Indiana Sales Tax

State

General Sales Tax

With Max Surtax

Indiana

7%

7%

Indiana Income Tax

State

Income Tax (Low)

Income Tax (High)

Indiana

3.3%

3.3%

When you are determining the total cost of living in Columbia City, IN you will want to make sure you consider both the Indiana sales tax and the Indiana income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Indiana is 7%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Indiana have a range from 3.3% to 3.3%.

Goods & Services

Item

Columbia City

National avg.

Difference

Haircut

$16.34

$16.09

1.6%

Beauty Salon

$28.33

$37.33

24.1%

Toothpaste

$2.72

$2.45

11.3%

Shampoo

$1.08

$1.00

7.9%

Movie

$10.74

$10.28

4.4%

Bowling

$3.29

$4.93

33.4%

Groceries

Item

Columbia City

National avg.

Difference

Ground Beef

$3.56

$3.80

6.4%

Fried Chicken

$1.43

$1.40

2.1%

Milk

$1.75

$2.01

13.0%

Potatoes

$3.37

$3.01

12.0%

Pizza

$9.00

$9.89

9.0%

Beer

$8.93

$8.90

0.4%

Health Care

Item

Columbia City

National avg.

Difference

Optometrist

$103.94

$102.16

1.7%

Doctor

$98.91

$108.36

8.7%

Dentist

$91.49

$92.53

1.1%

Ibuprofen

$8.20

$9.28

11.6%

Lipitor

$354.99

$425.82

16.6%

Housing

Item

Columbia City

National avg.

Difference

Home Price

$100,300.00

$184,700.00

45.7%

Avg. Mortgage Payment

$944.18

$1,202.44

21.5%

Apartment Rent

$618.00

$949.00

34.9%

Transportation

Item

Columbia City

National avg.

Difference

Gasoline

$2.16

$2.24

3.6%

Tire Balancing

$44.07

$46.29

4.8%

Utilities

Item

Columbia City

National avg.

Difference

All Electricity

$139.28

$165.96

16.1%

Phone

$30.32

$28.68

5.7%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.